Cowen Reiterates Market Perform Rating for J B Hunt Transport Services (NASDAQ:JBHT)

Cowen reiterated their market perform rating on shares of J B Hunt Transport Services (NASDAQ:JBHT) in a report published on Tuesday, Briefing.com Automated Import reports. They currently have a $113.00 price objective on the transportation company’s stock, up from their previous price objective of $112.00.

JBHT has been the topic of several other research reports. Bank of America lowered NIO from a neutral rating to an underperform rating and decreased their price target for the company from $6.20 to $3.00 in a research note on Tuesday, May 28th. Deutsche Bank set a $81.00 price objective on Franco Nevada and gave the stock a hold rating in a research note on Thursday, July 11th. Stephens reissued a buy rating and issued a $43.00 price objective on shares of PacWest Bancorp in a research note on Tuesday. Morgan Stanley set a $36.00 price objective on ArcBest and gave the stock a hold rating in a research note on Monday, July 8th. Finally, Zacks Investment Research raised Hanmi Financial from a sell rating to a hold rating in a research note on Thursday, June 20th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $107.13.

JBHT stock traded up $1.61 during trading on Tuesday, hitting $100.84. The company had a trading volume of 19,617 shares, compared to its average volume of 1,326,690. The firm’s fifty day moving average is $89.88. The company has a current ratio of 1.30, a quick ratio of 1.44 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $10.63 billion, a P/E ratio of 17.69, a P/E/G ratio of 1.18 and a beta of 1.11. J B Hunt Transport Services has a fifty-two week low of $83.64 and a fifty-two week high of $127.93.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Monday, July 15th. The transportation company reported $1.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.12). The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. J B Hunt Transport Services had a net margin of 5.33% and a return on equity of 29.35%. J B Hunt Transport Services’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 EPS. As a group, analysts expect that J B Hunt Transport Services will post 5.53 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.03%. J B Hunt Transport Services’s dividend payout ratio is presently 18.34%.

In other J B Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $99.07, for a total value of $118,884.00. Following the completion of the transaction, the executive vice president now directly owns 8,144 shares of the company’s stock, valued at $806,826.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary Charles George bought 5,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was acquired at an average cost of $94.52 per share, with a total value of $472,600.00. Following the completion of the purchase, the director now owns 43,369 shares of the company’s stock, valued at approximately $4,099,237.88. The disclosure for this purchase can be found here. Corporate insiders own 3.60% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. FMR LLC grew its stake in J B Hunt Transport Services by 60.7% in the first quarter. FMR LLC now owns 4,049,886 shares of the transportation company’s stock valued at $410,212,000 after acquiring an additional 1,529,785 shares during the period. Geode Capital Management LLC grew its stake in J B Hunt Transport Services by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 1,239,550 shares of the transportation company’s stock valued at $115,143,000 after acquiring an additional 74,521 shares during the period. American Century Companies Inc. grew its stake in J B Hunt Transport Services by 4.2% in the fourth quarter. American Century Companies Inc. now owns 1,098,044 shares of the transportation company’s stock valued at $102,162,000 after acquiring an additional 44,120 shares during the period. Norges Bank acquired a new position in J B Hunt Transport Services in the fourth quarter valued at about $70,673,000. Finally, Deutsche Bank AG grew its stake in J B Hunt Transport Services by 90.4% in the fourth quarter. Deutsche Bank AG now owns 753,177 shares of the transportation company’s stock valued at $70,072,000 after acquiring an additional 357,539 shares during the period. 72.91% of the stock is owned by hedge funds and other institutional investors.

J B Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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Analyst Recommendations for J B Hunt Transport Services (NASDAQ:JBHT)

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